https://www.taxtmi.com/caselaws?id=379184 The High Court upheld the conviction of accused No.2 under Section 138 of the Negotiable Instruments Act, setting aside the Additional Sessions Judge's decision. The court affirmed the legality of the JMFC's judgment, emphasizing the necessity of making the company an accused to establish criminal liability for cheque dishonor. Accused Nos.3 and 4 were acquitted based on the vicarious liability principle, as they were not responsible for the firm's conduct at the time of the offense. The High Court dismissed appeals and revisions, restoring the JMFC's original judgment and ordering each party to bear their own costs. en-us Fri, 26 Apr 2019 00:00:00 +0530 Tue, 30 Apr 2019 06:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379184 The High Court upheld the conviction of accused No.2 under Section 138 of the Negotiable Instruments Act, setting aside the Additional Sessions Judge's decision. The court affirmed the legality of the JMFC's judgment, emphasizing the necessity of making the company an accused to establish criminal liability for cheque dishonor. Accused Nos.3 and 4 were acquitted based on the vicarious liability principle, as they were not responsible for the firm's conduct at the time of the offense. The High Court dismissed appeals and revisions, restoring the JMFC's original judgment and ordering each party to bear their own costs. Case-Laws Indian Laws Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379184